Personal Money Management (activity 1-3)
ACTIVITY 1
1.Yes I am familiar with those type of piggy bank.
2. No I don't use them anymore but I used to save my money there when I was a kid.
3. Because It can only save paper money, and doesn't protect my money from inflation.
4. Saving money in a bank is generally more effective than in a piggy bank. Banks offer security, interest rates, and various account options tailored to your needs, while piggy banks lack these benefits and expose your savings to risks like theft or loss.
ACTIVITY 2
1.
- Personal finances: Managing your income and expenses.
- Business operations: Allocating resources and controlling costs.
- Project planning: Estimating and tracking expenses to ensure projects stay within budget.
2. There are 6 easy step to plan your budget.
3. Know your income,
you need to know how much money you bring home after taxes, or your net income
4. Keep track. Keeping track on what you bought with the money, you can use pen and paper or you can use an app on your phone, this way you can adjust your spending.
ACTIViTY 3
1. First, insert your debit card into the machine.
2. Select your preferred language for the
transaction.
3. Protect your PIN number while entering
it into the ATM machine.
4. Choose the "Deposit" option when
prompted for the type of transaction.
5. Select "Check" as the deposit type
6. Review the information provided
regarding the availability of funds.
7. Confirm that you want to continue with
the transaction.
8. Choose the account type (checking or
savings) where you want to deposit the
check.
9. Opt to receive a receipt for the
transaction.
10. Prepare your check by endorsing it
and making sure the amount is visible.
11. Insert the endorsed check into the
ATM when prompted to do so.
12. Confirm that the amount displayed on
the screen matches the amount you
deposited.
13. If the amount is accurate, proceed by
pressing "Continue."
14. Retrieve your receipt and debit card
from the ATM.